ITT ITT Inc

The Board of Directors of ITT Corporation (NYSE: ITT) today declared a cash dividend of 17.5 cents per share for the first quarter of 2008, representing a 25 percent increase over the previous dividend. This cash dividend will be payable April 1, 2008 to shareholders of record on March 7, 2008. In other business, the Board set the 2008 annual meeting for 10:30 a.m. Eastern Daylight Time on Tuesday, May 13, 2008 at Tappan Hill, 81 Highland Avenue, Tarrytown, N.Y. All shareholders of record as of March 21, 2008 are invited to attend. About ITT Corporation ITT Corporation (www.itt.com) is a diversified high-technology engineering and manufacturing company dedicated to creating more livable environments, enabling communications and providing protection and safety. The company plays an important role in vital markets including water and fluids management, global defense and security, and motion and flow control. ITT employs approximately 40,000 people serving customers in more than 50 countries. Headquartered in White Plains, N.Y., the company generated $9 billion in 2007 sales.